LTIMindtree Limited (LTIM), a global technology consulting and digital solutions company, has announced a significant change in its leadership. Nachiket Deshpande, who has been serving as the Whole-Time Director and President of LTIM, has tendered his resignation to pursue new opportunities outside the organization.

Key Details of the Resignation

• Effective Date: October 31, 2025 (after end of office hours)
• Positions Resigned: Whole-Time Director and President
• Reason: To explore new opportunities beyond LTIMindtree

Deshpande's Tenure and Contributions

Nachiket Deshpande has been an integral part of LTIM's growth story:

• Served on the Board since 2019
• Played a crucial role in shaping the company's strategic direction
• Led transformative initiatives, including the largest integration in India's services industry
• Scaled AI Services into a strategic pillar of the company's future

Leadership Comments

S.N. Subrahmanyan, Chairman of LTIMindtree, expressed his gratitude, stating, "I would like to extend my heartfelt gratitude to Nachiket for the remarkable impact he has made during his long tenure at LTIMindtree. His leadership and unwavering commitment have been pivotal in shaping the foundation for the next phase of growth for LTIMindtree."

Venu Lambu, CEO & MD of LTIMindtree, added, "We sincerely value his contributions. As Nachiket embarks on the next chapter of his journey, we wish him continued success, happiness, and new accomplishments in all his future endeavours."

Deshpande's Parting Words

In his resignation letter, Deshpande reflected on his journey with LTIM, stating, "The past years have been an incredible journey—rich with opportunities to grow, learn, and contribute meaningfully to this remarkable organization. It has been a privilege to work closely and learn from Chairman SNS, board members and my esteemed colleagues."

About LTIMindtree

LTIMindtree is a global technology consulting and digital solutions company that partners with enterprises across industries. Key facts about the company include:

• Trusted by more than 700 clients worldwide
• Workforce of over 86,000 professionals across 40+ countries
• A Larsen & Toubro Group company
• Focused on reimagining business models, accelerating innovation, and driving AI-centric growth

As LTIM navigates this leadership transition, the company remains committed to its mission of solving complex business challenges and delivering transformation at scale for its global clientele.

LTI Mindtree , a global technology consulting and digital solutions company, has announced robust financial results for the second quarter of fiscal year 2026, while also setting ambitious growth targets for the future.

Strong Q2 FY26 Performance

The company reported impressive growth across key financial metrics for the quarter ended September 30, 2025:

• Revenue reached ₹103,943.00 million, marking a 5.60% increase quarter-on-quarter and a 10.20% rise year-on-year.
• In USD terms, revenue stood at $1,180.10 million, growing 2.30% quarter-on-quarter and 4.80% year-on-year.
• Operating margin (EBIT) expanded by 160 basis points quarter-on-quarter to 15.90%.
• Net profit rose to ₹13,812.00 million, up 10.10% quarter-on-quarter and 10.40% year-on-year.

Key Operational Highlights

LTIMindtree's operational performance also showed positive trends:

• The company's active client base grew to 749 as of September 30, 2025.
• There was a notable increase in high-value client relationships, with 45 clients contributing $20 million or more annually, up from 42 in the previous year.
• The workforce expanded to 86,447 professionals, with 2,558 employees added in Q2.
• Utilization rate (excluding trainees) remained steady at 88.10%.

Future Growth Targets

LTIMindtree has set a target to achieve nearly double-digit growth in USD terms by the second half of FY26. The company plans to continue its margin expansion strategy during this period, indicating a focus on both top-line growth and profitability improvement.

Strategic Initiatives and Partnerships

LTIMindtree's growth strategy includes:

• Becoming an AI-centric organization, leveraging its BlueVerse™ ecosystem.
• Expanding strategic partnerships, including being recognized as one of the Strategic Global Partners in Microsoft's FY26 Agentic AI Playbook.
• Signing a Strategic Collaboration Agreement with AWS and being named as an Elite Partner for VMware migrations.

Management Commentary

Venu Lambu, Chief Executive Officer and Managing Director of LTIMindtree, commented on the results: "Q2FY26 has been a strong quarter for us, marked by broad-based performance across our business. We delivered our second consecutive quarter of growth with margin improvement ahead of plan. We are committed to becoming an AI-centric organization, leveraging our BlueVerse™ ecosystem. Our strategy remains on course, and our results reflect disciplined execution, the depth of our client relationships, and solid progress in our ongoing transformation."

Dividend Announcement

The Board of Directors has approved an interim dividend of ₹22.00 per equity share of par value ₹1.00 each, demonstrating the company's commitment to shareholder returns.

LTIMindtree's strong Q2 performance and ambitious growth targets reflect its strategic focus on leveraging AI and digital technologies to drive business transformation for its clients. As the company aims for nearly double-digit USD growth by H2 FY26, investors and industry observers will be watching closely to see how these plans unfold in the coming quarters.